The old way of getting a business loan is dead. In the past, a business owner could walk into a community bank. You could hand over a business plan and talk to a manager who knew your town. I served ...

As AI takes over institutional lending, firms like Growth Funding Group are finding massive success by doing what banks no longer will: listening to the borrower. By Growth Funding Group By 2026, the ...

A new study from King's Business School at King's College London and the Federal Reserve Board shows most credit-limit increases are automated, targeting borrowers already in debt. As shoppers across ...

Algorithms are extremely clever at accurately processing huge quantities of information. But a recent problem with a bank loan is a disturbing look behind the curtain. Last week I applied for a ...

Real-time gross settlement systems (such as Fedwire, run by the Federal Reserve), post accounting entries for each payment on the central banks’ books — where each payment sent or received impacts the ...

(Bloomberg) — New York regulators have found evidence that Barclays Plc and Deutsche Bank AG may have used algorithms on their trading platforms to manipulate foreign- exchange rates, a person with ...

An automated cash transfer program in Jordan developed with significant financing from the World Bank is undermined by errors, discriminatory policies, and stereotypes about poverty. Many people in ...